Investments
37Partners & Customers
2
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Latest Morningstar Ventures News
Dec 19, 2022
Axelar , a secure interchain communication network across Web3, launched the $60m Axelar Ecosystem Startup Funding Program. A group of top-tier blockchain investors is committing capital to support the program: Blockchange, Chorus One, Collab+Currency, Cygni, dao5, DCVC, Divergence Ventures, Dragonfly Capital, Lemniscap, Morningstar Ventures, Nima Capital, Node Capital, North Island Ventures, Rockaway Blockchain Fund, SCB 10X, and others. The program will accelerate the development of decentralized applications and protocols that can replace centralized exchanges, providing onramps to blockchain-based technology for millions of users. It is designed to nurture a pipeline of developers building Web3 products that are better than anything on the centralized web. That means they: Solve global problems that the centralized internet cannot address. Safeguard digital sovereignty, security and privacy. Onboard masses easily, without unnecessary friction between specific blockchains or tokens. Investors participating in the program will engage with teams individually, making independent investment decisions on the deals the Axelar Ecosystem Startup Funding Program introduces. Powered by this group of investors, the program will accelerate the growth of the decentralized web on all blockchains. To bootstrap the flow of new startups, the program intends to operate a series of hackathons, meetups and grant programs. Axelar has raised capital from top-tier investors, including Binance, Coinbase, Dragonfly Capital and Polychain Capital. Partners include major proof-of-stake blockchains, such as Avalanche, Cosmos, Ethereum, Polkadot and others. Axelar’s team includes experts in distributed systems/cryptography and MIT/Google/Consensys alumni; the co-founders, Sergey Gorbunov and Georgios Vlachos, were founding team members at Algorand. FinSMEs 19/12/2022
Morningstar Ventures Investments
37 Investments
Morningstar Ventures has made 37 investments. Their latest investment was in FARE Protocol as part of their Seed VC on May 5, 2023.

Morningstar Ventures Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/1/2023 | Seed VC | FARE Protocol | $6.2M | Yes | 6th Man Ventures, Arrington XRP Capital, C Squared Ventures, DWeb3 Capital, Eniac Ventures, Goat Capital, Morningstar Ventures, Quantstamp, Republic Crypto, Spark Digital Capital, and Undisclosed Investors | 1 |
1/12/2023 | Seed VC | CryptoSimple | $1.08M | Yes | Morningstar Ventures, Taureon, and Undisclosed Investors | 2 |
10/17/2022 | Seed VC | YoloYolo | $3.5M | Yes | 2 | |
8/9/2022 | Series A | |||||
5/10/2022 | Series A |
Date | 5/1/2023 | 1/12/2023 | 10/17/2022 | 8/9/2022 | 5/10/2022 |
---|---|---|---|---|---|
Round | Seed VC | Seed VC | Seed VC | Series A | Series A |
Company | FARE Protocol | CryptoSimple | YoloYolo | ||
Amount | $6.2M | $1.08M | $3.5M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | 6th Man Ventures, Arrington XRP Capital, C Squared Ventures, DWeb3 Capital, Eniac Ventures, Goat Capital, Morningstar Ventures, Quantstamp, Republic Crypto, Spark Digital Capital, and Undisclosed Investors | Morningstar Ventures, Taureon, and Undisclosed Investors | |||
Sources | 1 | 2 | 2 |
Morningstar Ventures Acquisitions
1 Acquisition
Morningstar Ventures acquired 1 company. Their latest acquisition was Coin.fyi on November 09, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
11/9/2021 | Acq - Fin | 1 |
Date | 11/9/2021 |
---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acq - Fin |
Sources | 1 |
Morningstar Ventures Partners & Customers
2 Partners and customers
Morningstar Ventures has 2 strategic partners and customers. Morningstar Ventures recently partnered with Humans.ai on February 2, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
2/11/2022 | Client | Romania | Humans.ai Boosts Middle East Presence with Morningstar Ventures Partnership The new partnership will see Humans.ai benefit from Morningstar Ventures 's lengthy track record of helping multiple blockchain companies broaden their reach in recent years . | 1 | |
Partner |
Date | 2/11/2022 | |
---|---|---|
Type | Client | Partner |
Business Partner | ||
Country | Romania | |
News Snippet | Humans.ai Boosts Middle East Presence with Morningstar Ventures Partnership The new partnership will see Humans.ai benefit from Morningstar Ventures 's lengthy track record of helping multiple blockchain companies broaden their reach in recent years . | |
Sources | 1 |
Morningstar Ventures Team
1 Team Member
Morningstar Ventures has 1 team member, including current Founder, Chief Investment Officer, Danilo S. Carlucci.
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